Mamdani’s $126B budget soars nearly 10% from last year, leaving NYC on verge of fiscal crisis
The budget, which includes no significant cuts, ballooned from last year's roughly $116 billion spending plan, for an approximate 8.5% increase.
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Metro Mamdani’s $126B budget soars nearly 10% from last year, leaving NYC on verge of fiscal crisis By Craig McCarthy and Matt Troutman Published June 30, 2026, 6:51 p.m. ET (function() { var overlay = document.getElementById("jw-player-lcp-overlay"); if (!overlay) { return; } function hideOverlay() { overlay.remove(); } function afterDCL() { requestAnimationFrame(hideOverlay); } if (document.readyState === "loading") { document.addEventListener("DOMContentLoaded", afterDCL, { once: true }); } else { afterDCL(); } })(); See more of our coverage in your search results. Add The New York Post on Google Zo’s busting the budget.
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